Free Test Globalization – Civil S...

Q1: What is globalization?

A. Process of increasing international trade and connectivity B. Isolation of countries C. Reduction in foreign investments D. Local trade only

Q2: Which organization promotes globalization by encouraging free trade?

A. WTO B. IMF C. World Bank D. UNESCO

Q3: When did India officially begin adopting globalization policies?

A. 1980 B. 1991 C. 2000 D. 2010

Q4: Which sector in India benefited the most from globalization?

A. Agriculture B. IT and services C. Manufacturing D. Mining

Q5: Which of the following is a feature of globalization?

A. Trade barriers increase B. Free flow of capital and goods C. Complete isolation D. Increase in tariffs

Q6: What role does Foreign Direct Investment (FDI) play in globalization?

A. FDI decreases B. FDI increases and integrates economies C. FDI is banned D. FDI is limited to domestic investors

Q7: Which Indian policy focused on globalization?

A. Industrial Policy 1991 B. Monetary Policy 2000 C. Fiscal Policy 1995 D. Agriculture Policy 1998

Q8: Globalization can lead to:

A. Decreased competition B. Increased market access and competition C. Closed markets D. Reduced foreign trade

Q9: Which of these is a negative impact of globalization?

A. Technological transfer B. Cultural homogenization C. Economic growth D. Foreign investment

Q10: Globalization influences labor markets by:

A. Reducing migration B. Increasing mobility and outsourcing C. Limiting job opportunities D. Banning foreign workers

Q11: Which international body provides loans to help countries adjust to globalization?

A. IMF B. WTO C. UNESCO D. WHO

Q12: Which of these is NOT a cause of globalization?

A. Advances in communication technology B. Improved transportation C. Trade barriers D. Growth of multinational corporations

Q13: What is the role of multinational corporations (MNCs) in globalization?

A. Restrict trade B. Promote international investment and technology transfer C. Focus only on domestic markets D. Avoid foreign markets

Q14: Which country is NOT a member of WTO?

A. USA B. China C. India D. North Korea

Q15: Globalization affects environment by:

A. Promoting sustainable development B. Causing environmental degradation C. Eliminating pollution D. Reducing deforestation

Q16: Which of these policies helped India integrate with the global economy?

A. High import tariffs B. Export promotion schemes C. Restrictive foreign investment D. Closed economy policies

Q17: Which sector contributed most to India’s export growth post-globalization?

A. Agriculture B. Manufacturing C. Services D. Mining

Q18: Which of these is an advantage of globalization for developing countries?

A. Loss of culture B. Access to technology and capital C. Increased trade barriers D. Job losses

Q19: How does globalization impact income inequality?

A. Reduces inequality B. No impact C. Can increase inequality D. Eliminates poverty

Q20: Which policy mechanism helps India benefit from globalization?

A. Import substitution B. Liberalization of trade and investment C. Complete autarky D. Nationalization

Quiz for Globalization